MATTHEWS, N.C. — Family Dollar Stores here is looking to increase its private-label penetration, particularly around food and other consumables, officials said during an investor presentation Wednesday. Kenneth Smith, Family Dollar's chief financial officer, said the company sees an opportunity to increase consumable private-label sales from current levels of 10% of sales to 15% to 20%. Storewide, Smith said Family Dollar plans to increase private brand penetration from its current 19% ...

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